.RUSSIA'S ruby business is under the gun. On January first the G7, a team of wealthy countries, as well as the European Alliance disallowed bring ins of harsh gemstones mined in Russia-- a third of the complete removed worldwide in 2022. On January 3rd the EU included Russia's condition exploration company, and also its own ceo, to its own penalties list. This is the 1st period of a detailed decrees plan: in March the G7 and EU are going to outlaw Russian gems that have been actually reduced and also perfected abroad. In September they will definitely offer a qualification scheme to verify where rubies were actually mined. These procedures amount to the most significant modification to your business in years. Why has it taken so long to enforce sanctions on Russia's ruby sector-- as well as what influence will they have?